Market economies are loosely called

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Market economies are often referred to as capitalist economies because they are based on the principles of private ownership and free market exchange. Monetarist models refer to economic policies that prioritize controlling the money supply, while command economies and planning models refer to economic systems that are centrally controlled by the government. Competition constructs may refer to various economic models or theories that emphasize competition as a driving force behind economic growth and development, but this term is not commonly used to describe market economies specifically.

Market Economies Are Loosely Called